FREQUENTLY ASKED QUESTIONS
The most frequently asked questions about the JUA FUND are outlined below. If your query is not dealt with by the questions and answers below, please Contact Us
A: The only requirement is that you live on the Continent. The JUA FUND is a Pan-African initiative, so if you live in Africa, you can enter.
A: Our ideal funding size is between $50,000 and $250,000, however sterling businesses requiring anything up to $1mn will ALWAYS be considered, so shoot your shot
A: We do not believe that you have to be above a certain age to qualify as an entrepreneur. If you have started a business or are about to launch one and are looking for funding, you are entitled to enter.
A: There is no minimum qualifying period required. We are looking primarily at the people involved in the business, their commitment and their investment in the company.
A: Yes. Submissions of this nature will be considered. They must, however, be supported by a business plan, an assessment of the market that will be served, and the potential for growth within the selected sector.
A: We will consider submissions that:
- Require capital for the acquisition of new equipment or tools to expand the business.
- Are looking to take advantage of existing organic growth opportunities by enhancing capacity.
- Need capital to move into new geographies where identified opportunities exist.
- Start-ups that need investment to move up to the next level but cannot do so due to cash flow problems.
A: The entire process is virtual.
No travel will be required.
However, The chosen finalists will be responsible for ensuring that they meet the technical criteria and systems requirements needed to take part in an online presentation. Full details of these requirements will be provided closer to the presentation dates.
A: Adam Molai will head up the panel of judges who will be selected for their business acumen and ability to offer insights into business. The names of the panel will be announced in due course.